Covenant Consultant/Senior Consultant

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Covenant Consultant/Senior Consultant

Location - London with hybrid working in line with departmental requirements

LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy, health, and analytics. We use powerful analytics fused with human expertise to shape a more positive future.

Who are we?

Our rapidly growing Covenant & Financial Analysis consulting team at LCP is highly respected in the pensions industry and beyond. Our core work involves advising stakeholders on the employer covenant of sponsors to UK defined benefit pensions schemes, in relation to both periodic risk assessments and in the context of fast-moving corporate transactions. More recently we have started to provide non-pensions financial consulting services to some of LCP's exciting new and diversified business streams and now have an exciting opportunity for an experienced Covenant Consultant/Senior Consultant to join them in our London office and continue our journey!

What does the role involve?

Providing financial advice to a portfolio of clients which will include.

• Leading the preparation of financial analysis and written advice regarding:
  • Covenant assessments to support actuarial valuations
  • Monitoring assignments
  • Transactional activity including M&A deals, refinancing's, restructuring and other events that impact on sponsor strength
  • Longer term journey planning
  • Insurer diligence transactions
  • Financial analysis assignments in conjunction with our colleagues at LCP Delta regarding the energy transition and/or other areas of LCP as required
• Agreeing scopes of work and client delivery timelines with clients
• Discussing financial data with finance teams
• Liaising with colleagues at LCP who provide other services to existing clients as appropriate
• Attending meetings as appropriate

Marketing LCP's covenant services, including:

• Assisting on the tendering process for new advisory appointments, both to existing LCP clients, and to clients where there is no existing advisory relationship with LCP
• Taking ownership of agreed areas of our business development strategy
• Engaging with colleagues to build team's brand within the firm, with the aim of maximising internal referrals
• Publicising the team with external stakeholders, including presenting at roundtables, attending networking events, preparing marketing materials etc.

What experience, skills qualities are we looking for?

• Qualified Chartered Accountant (100% first time passes preferred) with demonstrable post qualified experience
• Experience working in the pensions industry and, specifically within employer covenant areas (other backgrounds will be relevant if you do not have this experience, e.g. restructuring, corporate finance)
• Understanding of relevant pensions regulation and legislation
• Ability to analyse statutory and management accounts, forecasts, and other financial information
• Excellent research skills, including in relation to the prospects for individual businesses and overall sectors
• A demonstrable track record of delivering written advice to clients and an ability to create intuitive conclusions from relevant financial information
• Clear, accurate and concise communication skills, both written and spoken and being comfortable in communicating to clients and management teams
• Proactive in seeking guidance when planning or prioritising complex or conflicting tasks
• Ability to obtain the confidence of Partners in the team by taking responsibility to ensure work is done to a high standard, within budget and within agree deadlines
• Comfortable with working under pressure
• A collaborative approach to work within a team structure
• Excellent project management, planning and organisational skills, with the ability to record, store and present information in a systematic way
• Excellent commercial awareness
• Delegation of work to, and effective management of less experienced team members to ensure that work is delivered in a timely and efficient manner.
• A commitment to delivering high quality work to clients and developing your career at LCP
• Extensive experience with Microsoft Office applications

What's in it for you?

Take a look at our Glassdoor and Career stories pages to see why our people love being here! As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:

For you:

• Professional study support (where applicable)
• Access to our internal Wellbeing, LGBTQ+, Multicultural and Women's networks

For your family:

• Life assurance
• Income protection
• Enhanced maternity/paternity/adoption and shared parental leave

For your health:

• 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday
• Private medical insurance
• Discounted gym memberships, critical illness and dental insurance through our flexible benefits
• Eye care vouchers
• Cycle to work scheme
• Digital GP services

For your wealth:

• Competitive pension scheme
• Discretionary bonus scheme
• High street discounts
• Season ticket loans

For others:

• Volunteering opportunities

And much more!

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility. Whatever it may be, please get in touch via our dedicated email address - accessibilityaware@lcp.uk.com to discuss how we can support you with your application.

Recruitment agencies

LCP operates a Preferred Supplier List (PSL) for recruitment agencies which is reviewed annually. We do not accept unsolicited CVs from agencies who are not part of our current PSL. LCP only pay agency fees where we have a signed agreement in place, and the agency has been instructed by a member of our recruitment team to supply CVs via the Applicant Tracking System (ATS) for a legitimate, open vacancy. If this process is not adhered to, LCP reserve the right to contact these candidates directly and have discussions with them without paying any agency fees. We do not pay agency fees when speculative and unsolicited CVs are submitted to any employee or Partner at LCP.